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Wolves Rumors: Pekovic, Varejao, Redick, Hayward

January 4 2013 at 8:36am CST By Luke Adams

Despite Kevin Love leaving last night's game against the Nuggets in the second half, the Timberwolves managed to do something only the Heat had accomplished this season: Win in Denver. The victory pulled the Timberwolves within a half-game of the Nuggets, and into a tie for the eighth and final playoff spot in the Western Conference. As the Wolves continue jockeying for position in the West, Darren Wolfson of 1500 ESPN Twin Cities rounds up plenty of rumors out of Minnesota. Here are the highlights:

While a trade is a possibility for the Timberwolves, David Kahn figures to wait for a few weeks to make any decisions, as he assesses what sort of impact Ricky Rubio will have.

With Nikola Pekovic in the final year of his rookie deal, his price figures to soar next year, perhaps to close to $10-12MM annually. As such, Wolfson speculates that the Wolves could explore deals involving Pekovic.

The Wolves have discussed Anderson Varejao with the Cavaliers, though those talks were "brief."

Owner Glen Taylor is willing to go into the luxury tax in 2013/14 if the right opportunity presents itself.

The Wolves like J.J. Redick a lot, but it would probably take Derrick Williams and a future first-rounder to get Orlando's attention. Wolfson adds in a tweet that there are certain teams that might give up more for Williams, but the Magic probably aren't one of those teams.

The Martell Webster compensation case between the Wolves and Trail Blazers is closed, but it's not known when the league will make an announcement. Minnesota is expected to receive no more than a second-round pick and/or cash.

Minnesota is expected to release Lazar Hayward before his contract becomes guaranteed. The team has talked to Josh Childress, but he's only interested in a guaranteed deal for now. Daequan Cook, recently cut by the Rockets, isn't on the Wolves' radar.

If Greg Oden is eventually healthy enough to return to the NBA, the Timberwolves would be among the interested teams.